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Best USD to GBP Exchange Rate Today: 0.7407

Compare international payments, cash buys, travel money

Live USD to GBP conversion comparision showing the best exchange rates available today

1 USD = 0.7407 GBP

1 GBP to USD = 1.3501

Provider Rate Notes Action

Best Independent Provider

Rational FX 		0.7340 Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent.

Best Bank Rate

Banks 		0.7200 Determined using data on spread charges supplied by IMTI Login to your online bank account

Worst Bank Rate

Banks 		0.7148 Determined using data on spread charges supplied by Money Mover and Accourt Login to your online bank account

Cash Delivery / Holiday Money

Travel FX 		0.7340 0% Commission

Airport Pickup

Moneycorp 		0.7296 Booking Online prior to pickup is the key to getting a good rate

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USD/GBP Live Chart and Data

Exchange Rate History For Converting US Dollar (USD) to British Pound (GBP)

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Exchange Rate Today for Converting USD To GBP
Convert USD:
To GBP:		 1
0.7407		 10
7.4070		 50
37.0350		 100
74.0700		 500
370.3500		 1,000
740.7000
Convert USD:
To GBP:		 2,500
1,851.7500		 5,000
3,703.5000		 7,500
5,555.2500		 10,000
7,407.0000		 50,000
37,035.0000		 1,00,000
74,070.0000

Exchange Rate History for USD To GBP: 2017

January - 2017

SunMonTueWedThuFriSat
1

Open: 0.8158

Close: 0.8101

Mid: 0.8129

2

Open: 0.8103

Close: 0.8144

Mid: 0.8121

3

Open: 0.8144

Close: 0.8170

Mid: 0.8151

4

Open: 0.8172

Close: 0.8115

Mid: 0.8147

5

Open: 0.8114

Close: 0.8052

Mid: 0.8101

6

Open: 0.8053

Close: 0.8136

Mid: 0.8101

7

Open: 0.8053

Close: 0.8136

Mid: 0.8101

8

Open: 0.8053

Close: 0.8136

Mid: 0.8101

9

Open: 0.8160

Close: 0.8220

Mid: 0.8193

10

Open: 0.8222

Close: 0.8211

Mid: 0.8229

11

Open: 0.8211

Close: 0.8189

Mid: 0.8233

12

Open: 0.8191

Close: 0.8221

Mid: 0.8187

13

Open: 0.8222

Close: 0.8205

Mid: 0.8210

14

Open: 0.8222

Close: 0.8205

Mid: 0.8210

15

Open: 0.8222

Close: 0.8205

Mid: 0.8210

16

Open: 0.8340

Close: 0.8299

Mid: 0.8303

17

Open: 0.8302

Close: 0.8058

Mid: 0.8184

18

Open: 0.8060

Close: 0.8155

Mid: 0.8122

19

Open: 0.8155

Close: 0.8101

Mid: 0.8129

20

Open: 0.8103

Close: 0.8081

Mid: 0.8110

21

Open: 0.8103

Close: 0.8081

Mid: 0.8110

22

Open: 0.8103

Close: 0.8081

Mid: 0.8110

23

Open: 0.8075

Close: 0.7976

Mid: 0.8037

24

Open: 0.7978

Close: 0.7986

Mid: 0.8010

25

Open: 0.7988

Close: 0.7914

Mid: 0.7950

26

Open: 0.7914

Close: 0.7936

Mid: 0.7937

27

Open: 0.7937

Close: 0.7966

Mid: 0.7954

28

Open: 0.7937

Close: 0.7966

Mid: 0.7954

29

Open: 0.7937

Close: 0.7966

Mid: 0.7954

30

Open: 0.7941

Close: 0.8009

Mid: 0.7991

31

Open: 0.8010

Close: 0.7948

Mid: 0.7993

February - 2017

SunMonTueWedThuFriSat
1

Open: 0.7948

Close: 0.7899

Mid: 0.7933

2

Open: 0.7899

Close: 0.7982

Mid: 0.7934

3

Open: 0.7983

Close: 0.8009

Mid: 0.8002

4

Open: 0.7983

Close: 0.8009

Mid: 0.8002

5

Open: 0.7983

Close: 0.8009

Mid: 0.8002

6

Open: 0.8004

Close: 0.8019

Mid: 0.8015

7

Open: 0.8013

Close: 0.7992

Mid: 0.8022

8

Open: 0.7994

Close: 0.7974

Mid: 0.7991

9

Open: 0.7972

Close: 0.7999

Mid: 0.7978

10

Open: 0.8001

Close: 0.8000

Mid: 0.8016

11

Open: 0.8001

Close: 0.8000

Mid: 0.8016

12

Open: 0.8001

Close: 0.8000

Mid: 0.8016

13

Open: 0.8001

Close: 0.7983

Mid: 0.7988

14

Open: 0.7985

Close: 0.8016

Mid: 0.8014

15

Open: 0.8015

Close: 0.8025

Mid: 0.8039

16

Open: 0.8023

Close: 0.8005

Mid: 0.8011

17

Open: 0.8003

Close: 0.8058

Mid: 0.8040

18

Open: 0.8003

Close: 0.8058

Mid: 0.8040

19

Open: 0.8003

Close: 0.8058

Mid: 0.8040

20

Open: 0.8053

Close: 0.8024

Mid: 0.8036

21

Open: 0.8022

Close: 0.8017

Mid: 0.8021

22

Open: 0.8018

Close: 0.8033

Mid: 0.8019

23

Open: 0.8034

Close: 0.7964

Mid: 0.8004

24

Open: 0.7963

Close: 0.8021

Mid: 0.7988

25

Open: 0.7963

Close: 0.8021

Mid: 0.7988

26

Open: 0.7963

Close: 0.8021

Mid: 0.7988

27

Open: 0.8013

Close: 0.8037

Mid: 0.8027

28

Open: 0.8042

Close: 0.8077

Mid: 0.8045

March - 2017

SunMonTueWedThuFriSat
1

Open: 0.8078

Close: 0.8130

Mid: 0.8102

2

Open: 0.8132

Close: 0.8151

Mid: 0.8143

3

Open: 0.8155

Close: 0.8129

Mid: 0.8141

4

Open: 0.8155

Close: 0.8129

Mid: 0.8141

5

Open: 0.8155

Close: 0.8129

Mid: 0.8141

6

Open: 0.8131

Close: 0.8172

Mid: 0.8150

7

Open: 0.8172

Close: 0.8195

Mid: 0.8186

8

Open: 0.8198

Close: 0.8218

Mid: 0.8219

9

Open: 0.8220

Close: 0.8220

Mid: 0.8219

10

Open: 0.8223

Close: 0.8216

Mid: 0.8216

11

Open: 0.8223

Close: 0.8216

Mid: 0.8216

12

Open: 0.8223

Close: 0.8216

Mid: 0.8216

13

Open: 0.8217

Close: 0.8183

Mid: 0.8189

14

Open: 0.8184

Close: 0.8228

Mid: 0.8230

15

Open: 0.8228

Close: 0.8135

Mid: 0.8154

16

Open: 0.8135

Close: 0.8090

Mid: 0.8115

17

Open: 0.8093

Close: 0.8067

Mid: 0.8088

18

Open: 0.8093

Close: 0.8067

Mid: 0.8088

19

Open: 0.8093

Close: 0.8067

Mid: 0.8088

20

Open: 0.8070

Close: 0.8092

Mid: 0.8077

21

Open: 0.8093

Close: 0.8013

Mid: 0.8068

22

Open: 0.8013

Close: 0.8011

Mid: 0.8028

23

Open: 0.8013

Close: 0.7986

Mid: 0.8001

24

Open: 0.7987

Close: 0.8018

Mid: 0.8004

25

Open: 0.7987

Close: 0.8018

Mid: 0.8004

26

Open: 0.7987

Close: 0.8018

Mid: 0.8004

27

Open: 0.8006

Close: 0.7961

Mid: 0.7964

28

Open: 0.7962

Close: 0.8031

Mid: 0.7985

29

Open: 0.8032

Close: 0.8042

Mid: 0.8049

30

Open: 0.8046

Close: 0.8020

Mid: 0.8031

31

Open: 0.8020

Close: 0.7965

Mid: 0.7999

April - 2017

SunMonTueWedThuFriSat
1

Open: 0.8020

Close: 0.7965

Mid: 0.7999

2

Open: 0.8020

Close: 0.7965

Mid: 0.7999

3

Open: 0.7967

Close: 0.8008

Mid: 0.7995

4

Open: 0.8007

Close: 0.8037

Mid: 0.8035

5

Open: 0.8024

Close: 0.8009

Mid: 0.8029

6

Open: 0.8009

Close: 0.8019

Mid: 0.8013

7

Open: 0.8020

Close: 0.8076

Mid: 0.8053

8

Open: 0.8020

Close: 0.8076

Mid: 0.8053

9

Open: 0.8020

Close: 0.8076

Mid: 0.8053

10

Open: 0.8072

Close: 0.8055

Mid: 0.8064

11

Open: 0.8053

Close: 0.8005

Mid: 0.8033

12

Open: 0.8005

Close: 0.7973

Mid: 0.7990

13

Open: 0.7971

Close: 0.7998

Mid: 0.7978

14

Open: 0.7998

Close: 0.7983

Mid: 0.7986

15

Open: 0.7998

Close: 0.7983

Mid: 0.7986

16

Open: 0.7998

Close: 0.7983

Mid: 0.7986

17

Open: 0.7977

Close: 0.7957

Mid: 0.7968

18

Open: 0.7958

Close: 0.7787

Mid: 0.7877

19

Open: 0.7786

Close: 0.7824

Mid: 0.7803

20

Open: 0.7825

Close: 0.7803

Mid: 0.7807

21

Open: 0.7802

Close: 0.7804

Mid: 0.7814

22

Open: 0.7802

Close: 0.7804

Mid: 0.7814

23

Open: 0.7802

Close: 0.7804

Mid: 0.7814

24

Open: 0.7794

Close: 0.7815

Mid: 0.7797

25

Open: 0.7816

Close: 0.7787

Mid: 0.7801

26

Open: 0.7782

Close: 0.7783

Mid: 0.7791

27

Open: 0.7783

Close: 0.7749

Mid: 0.7763

28

Open: 0.7749

Close: 0.7720

Mid: 0.7736

29

Open: 0.7749

Close: 0.7720

Mid: 0.7736

30

Open: 0.7749

Close: 0.7720

Mid: 0.7736

May - 2017

SunMonTueWedThuFriSat
1

Open: 0.7725

Close: 0.7763

Mid: 0.7741

2

Open: 0.7763

Close: 0.7728

Mid: 0.7748

3

Open: 0.7728

Close: 0.7770

Mid: 0.7751

4

Open: 0.7771

Close: 0.7738

Mid: 0.7756

5

Open: 0.7738

Close: 0.7703

Mid: 0.7733

6

Open: 0.7738

Close: 0.7703

Mid: 0.7733

7

Open: 0.7738

Close: 0.7703

Mid: 0.7733

8

Open: 0.7704

Close: 0.7726

Mid: 0.7714

9

Open: 0.7726

Close: 0.7730

Mid: 0.7730

10

Open: 0.7729

Close: 0.7729

Mid: 0.7724

11

Open: 0.7729

Close: 0.7759

Mid: 0.7752

12

Open: 0.7760

Close: 0.7753

Mid: 0.7762

13

Open: 0.7760

Close: 0.7753

Mid: 0.7762

14

Open: 0.7760

Close: 0.7753

Mid: 0.7762

15

Open: 0.7760

Close: 0.7752

Mid: 0.7746

16

Open: 0.7752

Close: 0.7739

Mid: 0.7747

17

Open: 0.7739

Close: 0.7709

Mid: 0.7722

18

Open: 0.7709

Close: 0.7727

Mid: 0.7702

19

Open: 0.7727

Close: 0.7669

Mid: 0.7698

20

Open: 0.7727

Close: 0.7669

Mid: 0.7698

21

Open: 0.7727

Close: 0.7669

Mid: 0.7698

22

Open: 0.7684

Close: 0.7691

Mid: 0.7693

23

Open: 0.7690

Close: 0.7714

Mid: 0.7706

24

Open: 0.7713

Close: 0.7707

Mid: 0.7709

25

Open: 0.7709

Close: 0.7724

Mid: 0.7712

26

Open: 0.7725

Close: 0.7805

Mid: 0.7773

27

Open: 0.7725

Close: 0.7805

Mid: 0.7773

28

Open: 0.7725

Close: 0.7805

Mid: 0.7773

29

Open: 0.7806

Close: 0.7789

Mid: 0.7794

30

Open: 0.7791

Close: 0.7776

Mid: 0.7781

31

Open: 0.7778

Close: 0.7757

Mid: 0.7783

June - 2017

SunMonTueWedThuFriSat
1

Open: 0.7756

Close: 0.7762

Mid: 0.7765

2

Open: 0.7762

Close: 0.7757

Mid: 0.7765

3

Open: 0.7762

Close: 0.7757

Mid: 0.7765

4

Open: 0.7762

Close: 0.7757

Mid: 0.7765

5

Open: 0.7776

Close: 0.7747

Mid: 0.7755

6

Open: 0.7746

Close: 0.7743

Mid: 0.7746

7

Open: 0.7746

Close: 0.7717

Mid: 0.7746

8

Open: 0.7721

Close: 0.7786

Mid: 0.7735

9

Open: 0.7785

Close: 0.7841

Mid: 0.7849

10

Open: 0.7785

Close: 0.7841

Mid: 0.7849

11

Open: 0.7785

Close: 0.7841

Mid: 0.7849

12

Open: 0.7858

Close: 0.7900

Mid: 0.7869

13

Open: 0.7899

Close: 0.7839

Mid: 0.7869

14

Open: 0.7837

Close: 0.7840

Mid: 0.7828

15

Open: 0.7840

Close: 0.7836

Mid: 0.7839

16

Open: 0.7838

Close: 0.7821

Mid: 0.7826

17

Open: 0.7838

Close: 0.7821

Mid: 0.7826

18

Open: 0.7838

Close: 0.7821

Mid: 0.7826

19

Open: 0.7831

Close: 0.7850

Mid: 0.7834

20

Open: 0.7848

Close: 0.7918

Mid: 0.7886

21

Open: 0.7919

Close: 0.7891

Mid: 0.7901

22

Open: 0.7891

Close: 0.7886

Mid: 0.7893

23

Open: 0.7886

Close: 0.7860

Mid: 0.7859

24

Open: 0.7886

Close: 0.7860

Mid: 0.7859

25

Open: 0.7886

Close: 0.7860

Mid: 0.7859

26

Open: 0.7852

Close: 0.7859

Mid: 0.7851

27

Open: 0.7860

Close: 0.7802

Mid: 0.7833

28

Open: 0.7802

Close: 0.7735

Mid: 0.7782

29

Open: 0.7735

Close: 0.7688

Mid: 0.7708

30

Open: 0.7688

Close: 0.7673

Mid: 0.7696

July - 2017

SunMonTueWedThuFriSat
1

Open: 0.7688

Close: 0.7673

Mid: 0.7696

2

Open: 0.7688

Close: 0.7673

Mid: 0.7696

3

Open: 0.7682

Close: 0.7725

Mid: 0.7702

4

Open: 0.7716

Close: 0.7740

Mid: 0.7729

5

Open: 0.7741

Close: 0.7731

Mid: 0.7747

6

Open: 0.7732

Close: 0.7708

Mid: 0.7724

7

Open: 0.7708

Close: 0.7756

Mid: 0.7738

8

Open: 0.7708

Close: 0.7756

Mid: 0.7738

9

Open: 0.7708

Close: 0.7756

Mid: 0.7738

10

Open: 0.7764

Close: 0.7763

Mid: 0.7760

11

Open: 0.7763

Close: 0.7781

Mid: 0.7763

12

Open: 0.7781

Close: 0.7761

Mid: 0.7774

13

Open: 0.7763

Close: 0.7729

Mid: 0.7743

14

Open: 0.7729

Close: 0.7633

Mid: 0.7680

15

Open: 0.7729

Close: 0.7633

Mid: 0.7680

16

Open: 0.7729

Close: 0.7633

Mid: 0.7680

17

Open: 0.7634

Close: 0.7658

Mid: 0.7653

18

Open: 0.7657

Close: 0.7668

Mid: 0.7669

19

Open: 0.7668

Close: 0.7677

Mid: 0.7669

20

Open: 0.7678

Close: 0.7708

Mid: 0.7699

21

Open: 0.7709

Close: 0.7693

Mid: 0.7697

22

Open: 0.7709

Close: 0.7693

Mid: 0.7697

23

Open: 0.7709

Close: 0.7693

Mid: 0.7697

24

Open: 0.7692

Close: 0.7676

Mid: 0.7681

25

Open: 0.7675

Close: 0.7677

Mid: 0.7663

26

Open: 0.7678

Close: 0.7622

Mid: 0.7647

27

Open: 0.7622

Close: 0.7653

Mid: 0.7618

28

Open: 0.7655

Close: 0.7611

Mid: 0.7637

29

Open: 0.7655

Close: 0.7611

Mid: 0.7637

30

Open: 0.7655

Close: 0.7611

Mid: 0.7637

31

Open: 0.7614

Close: 0.7567

Mid: 0.7599

August - 2017

SunMonTueWedThuFriSat
1

Open: 0.7568

Close: 0.7571

Mid: 0.7569

2

Open: 0.7571

Close: 0.7560

Mid: 0.7561

3

Open: 0.7558

Close: 0.7611

Mid: 0.7576

4

Open: 0.7611

Close: 0.7665

Mid: 0.7643

5

Open: 0.7611

Close: 0.7665

Mid: 0.7643

6

Open: 0.7611

Close: 0.7665

Mid: 0.7643

7

Open: 0.7668

Close: 0.7671

Mid: 0.7667

8

Open: 0.7672

Close: 0.7697

Mid: 0.7700

9

Open: 0.7696

Close: 0.7688

Mid: 0.7703

10

Open: 0.7688

Close: 0.7706

Mid: 0.7699

11

Open: 0.7706

Close: 0.7681

Mid: 0.7701

12

Open: 0.7706

Close: 0.7681

Mid: 0.7701

13

Open: 0.7706

Close: 0.7681

Mid: 0.7701

14

Open: 0.7684

Close: 0.7714

Mid: 0.7695

15

Open: 0.7714

Close: 0.7770

Mid: 0.7744

16

Open: 0.7771

Close: 0.7757

Mid: 0.7769

17

Open: 0.7756

Close: 0.7770

Mid: 0.7761

18

Open: 0.7770

Close: 0.7764

Mid: 0.7768

19

Open: 0.7770

Close: 0.7764

Mid: 0.7768

20

Open: 0.7770

Close: 0.7764

Mid: 0.7768

21

Open: 0.7768

Close: 0.7752

Mid: 0.7756

22

Open: 0.7752

Close: 0.7798

Mid: 0.7778

23

Open: 0.7799

Close: 0.7811

Mid: 0.7807

24

Open: 0.7812

Close: 0.7811

Mid: 0.7806

25

Open: 0.7811

Close: 0.7756

Mid: 0.7786

26

Open: 0.7811

Close: 0.7756

Mid: 0.7786

27

Open: 0.7811

Close: 0.7756

Mid: 0.7786

28

Open: 0.7730

Close: 0.7731

Mid: 0.7740

29

Open: 0.7731

Close: 0.7738

Mid: 0.7725

30

Open: 0.7738

Close: 0.7736

Mid: 0.7736

31

Open: 0.7735

Close: 0.7733

Mid: 0.7762

September - 2017

SunMonTueWedThuFriSat
1

Open: 0.7736

Close: 0.7717

Mid: 0.7710

2

Open: 0.7736

Close: 0.7717

Mid: 0.7710

3

Open: 0.7736

Close: 0.7717

Mid: 0.7710

4

Open: 0.7717

Close: 0.7729

Mid: 0.7728

5

Open: 0.7729

Close: 0.7671

Mid: 0.7706

6

Open: 0.7676

Close: 0.7662

Mid: 0.7669

7

Open: 0.7667

Close: 0.7630

Mid: 0.7649

8

Open: 0.7632

Close: 0.7575

Mid: 0.7595

9

Open: 0.7632

Close: 0.7575

Mid: 0.7595

10

Open: 0.7632

Close: 0.7575

Mid: 0.7595

11

Open: 0.7591

Close: 0.7596

Mid: 0.7589

12

Open: 0.7597

Close: 0.7525

Mid: 0.7558

13

Open: 0.7519

Close: 0.7569

Mid: 0.7551

14

Open: 0.7570

Close: 0.7461

Mid: 0.7533

15

Open: 0.7463

Close: 0.7354

Mid: 0.7402

16

Open: 0.7463

Close: 0.7354

Mid: 0.7402

17

Open: 0.7463

Close: 0.7354

Mid: 0.7402

18

Open: 0.7368

Close: 0.7409

Mid: 0.7387

19

Open: 0.7408

Close: 0.7402

Mid: 0.7407

20

Open: 0.7403

Close: 0.7410

Mid: 0.7404

21

Open: 0.7410

Close: 0.7362

Mid: 0.7396

22

Open: 0.7363

Close: 0.7400

Mid: 0.7381

23
24
25
26
27
28
29
30

October - 2017

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

November - 2017

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

December - 2017

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
For full historical data please visit: USD/GBP exchange rate history pages for the past 365 days
For full historical data please visit: USD/GBP exchange rate history pages for the year 2017 | 2016 | 2015 | 2014 | 2013 | 2012

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Pound-to-Dollar: Forecasts, News and Events in the Coming Week

The fate of the Pound-to-Dollar over the next five days could be dictated by a dual of central banker commentary.

US Dollar: September PMI Surveys Do Little To Lift The Greenback's Malaise

The Dollar slid on Friday, giving back more of its earlier gains, while September's PMI surveys gave traders little reason to lift the malaise around the currency.  

The Dollar-Neutral Federal Reserve is Playing the Long-Term Game

US Federal Reserve maintains a steady and Dollar-Neutral approach to interest rate rises that is unlikely to be swayed by near-term fluctuations in the data pulse.

US Dollar to Rally from Scarcity in Second Half of 2017

 

No Game-Changer for the US Dollar: Reactions to the Federal Reserve's September Update

  The FOMC as good as announced a December rate hike in Wednesday's statement but cuts to its projections for longer term rates might weigh on the Dollar beyond the short...

Pound-to-Dollar Reverses on US Federal Reserve Event, Key Resistance Levels Pause Advance

While the GBP/USD outlook remains broadly positive, time for consolidation, triggered in part by the US Fed and technical resistance levels, appears to be in order.

USD News and Forecasts from Pound Sterling Live's Editorial Team

Pound-to-Dollar: Forecasts, News and Events in the Coming Week

The fate of the Pound-to-Dollar over the next five days could be dictated by a...

US Dollar: September PMI Surveys Do Little To Lift The Greenback's Mal…

The Dollar slid on Friday, giving back more of its earlier gains, while September's PMI...

The Dollar-Neutral Federal Reserve is Playing the Long-Term Game

US Federal Reserve maintains a steady and Dollar-Neutral approach to interest rate rises that is...

US Dollar to Rally from Scarcity in Second Half of 2017

 

No Game-Changer for the US Dollar: Reactions to the Federal Reserve's …

  The FOMC as good as announced a December rate hike in Wednesday's statement but cuts...

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Publications from the US Federal Reserve

Reaffirming the Influence of Milton Friedman on U.K. Economic Policy

This paper finds a significant influence of Milton Friedman on U.K. economic policy from the 1970s onward, and especially during the period of the Thatcher Government. The finding is based...

Why Rent When You Can Buy?

Using a model with bilateral trades, we explain why agents prefer to rent the goods they can afford to buy. Absent bilateral trading frictions, renting has no role even with...

Regular Variation of Popular GARCH Processes Allowing for Distribution…

Linear GARCH(1,1) and threshold GARCH(1,1) processes are established as regularly varying, meaning their heavy tails are Pareto like, under conditions that allow the innovations from the, respective, processes to be...

On Targeting Frameworks and Optimal Monetary Policy

Speed limit policy, a monetary policy strategy that focuses on stabilizing inflation and the change in the output gap, consistently delivers better welfare outcomes than flexible inflation targeting or flexible...

Optimal Bank Regulation in the Presence of Credit and Run Risk

We modify the Diamond and Dybvig (1983) model of banking to jointly study various regulations in the presence of credit and run risk. Banks choose between liquid and illiquid assets...

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